UK Stock Market News Today – 12-Jul-2018
Ten Entertainment (TEG) – 262p – £170.3m – PER 12.7
Trading Update For The 26 Weeks To 1st July 2018 – In-line to deliver on FY expectations.
I am long here and in-line, based on Stockpedia figures, means EPS +53.2% – On a PER of 12.7 with an attractive ROCE and Operating Margin, little Debt and a decent Dividend – I will continue to hold.
Telford Homes (TEF) – 396p – £299.7m – PER 7.04
AGM Statement – In-line and “well placed to achieve our stated goal of exceeding £50 million of total pre-tax profit for the year to 31 March 2019, weighted towards the second half as in previous years”.
This was on my Watchlist at 450p although I didn’t buy in as I am still not sure of the sector. Still unsure of the sector (mainly due to the ongoing Brexit fiasco) I am going to go Neutral here for now.
Portmeirion (PMP) – 1200p – £130.5m – PER 16.0
Trading Update For The 6 Months To End June 2018 – Confident of achieving profits for the FY in-line with market expectations.
I remain Neutral here as I consider this even perhaps over priced at this level.
Gama Aviation (GAMA) – 202.5p – £128.8m – PER 8.57
Trading Update For The 6 Months To End June 2018 – Expecting FY results to be at the higher end of Board expectations – Expect to propose an interim dividend in line with the stated progressive policy.
This should help push the price back up towards the 250p level – But not sure there’s enough here to see more than that. I will remain Neutral and keep an eye out for updates.
DFS Furniture (DFS) – 198.6p – £420.4m – PER 10.3
Trading Update –Looks like more bad news in a challenging environment.
I remain on the side-lines here.
GYG (GYG) – 132p – £61.6m – PER 9.95
Trading Update For The 6 Months To End June 2018 – Trading has been significantly weaker, expecting FY Revenue to be flat and EBITDA to be materially below the Board’s expectations at circa 5m Euro.
I don’t like the sound of this at all – This is going on my Avoid list for now.
As always, all comment most welcome!